Long term: lower

On a yearly basis, Bollinger band spread could be flat next period. A PEI is in progress with our moving averages.

On a quarterly basis, a type I could develop.

On a monthly basis, a bearish parallel pattern is in progress.

Idea: use monthly bearish parallels rules

Bet: focus on monthly bullish divergence.

R= MM (110.05);    S= LM (99.72)

Medium term: rise in progress

On a weekly basis, a close above MW is expected.

Idea: rise as long as our MACD is not overbought.

Bet: towards UW is not ruled out.

R = UW (108.61);     S = MW (102.92)

Short term: higher

On a daily basis; a PEI is in progress with our moving averages and our MACD.  A NEI is in progress with the weekly time frame.

Idea: rise as long as our MACD is not overbought

Bet: nothing to do on a daily basis.

R = UW (108.61);   S = MD (101.16)

Conclusion: technical recovery in progress.